Sat.Oct 28, 2017 - Fri.Nov 03, 2017

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Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise

PYMNTS

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness.

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Fighting The Known Unknowns In Digital Identity Fraud

PYMNTS

In one of the more unfortunate examples of practice making perfect, fraudsters are getting better at what they do. According to the latest edition of the PYMNTS Global Fraud Index – after a short lull post-EMV in the U.S., when fraud briefly went down – they have bounced back with a vengeance. As it turns out, fraudsters – upon encountering a more sophisticated lock on the commerce “front doors” that are retail POS terminals – did not decide to give up their lives of digital crime in favor of be

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Google Shuts Off Flight Fare Search API

PYMNTS

Google announced that it will be shutting off developer access to its QPX Express API service, which automates data for airfare search engines. According to a news report from The Verge , the move could affect third-party travel sites, such as Orbitz and Expedia. It’s also a sign that Google is becoming increasingly interested in competing with the big names in travel services.

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How Philips Lighting Is Working To Light The Path Toward Smart Cities

PYMNTS

In the modern age, seemingly everything has an added dose of intelligence built into it. Phones, homes and appliances are smart, even mundane items like floss, too — but what about the cities in which people live? Most people may not associate inner-city infrastructure or gridlock with artificial intelligence (AI), but there is an effort underway from Intelligence of Things (IoT)-enabled technology providers to solve those problems — and other issues plaguing cities — with the help of smart tech

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Why Banks Are Coming Around To Data Sharing

PYMNTS

As more industry players realize that traditional FIs simply can’t go it alone to meet all the needs of the modern small business, collaboration has become key. But that collaborative environment is also giving way to a deeper connection between traditional and non-traditional financial service providers, as more firms recognize the value in sharing data.

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More Trending

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Moving Beyond The Confines Of Omnichannel

PYMNTS

Is omnichannel enough? The classic definition, of course, is approaching sales from multiple angles: in-store, desktop, mobile devices, etc. But is it enough? After all, the omnichannel undertaking is usually one that involves a company branching out beyond what might be its traditional engagement with consumers. Consider the brick-and-mortar firm that looks to gain attention from online offerings, or Amazon’s own forays into bookstores and physical outlets.

Retail 56
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Visa Greenlights Singapore Prepaid Cryptocurrency Card

PYMNTS

Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. “Our team has worked incredibly hard over the past year to achieve this milestone. This is an important step towards Monaco’s vision to introduce cryptocurrency to the mass market,” said Kris Marszalek, co-founder and CEO of Monaco, in a press release. “We believe that the Monaco card program lays solid foundation for Monaco’s growth, and we

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Why The Enterprise Struggles With Safeguarding Cloud Apps

PYMNTS

After years of doubt, financial professionals are trusting the cloud. Research released last month by Adaptive Insights found 73 percent of surveyed CFOs trust the cloud to host their financial data today. That trust has permeated the financial services industry, too, as banks begin to migrate data and apps to the cloud and FinTechs launch entirely on cloud infrastructure.

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The Finance Department Knows It’s Slacking In Digital Transformation

PYMNTS

Small businesses (SMBs) are increasingly satisfied with their traditional financial service providers, though banks are pushing to heighten their innovation strategies and provide SMBs with the high-tech, customized services that those small businesses demand. The October 2017 PYMNTS Bank Innovation Readiness Index , developed in collaboration with i2c , found these financial institutions (FIs) are enjoying a bit of success in their efforts to digitize and innovate.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Corporates Lack Visibility Into Travel Spend Methods, GBTA Finds

PYMNTS

Small- and medium-sized businesses (SMBs) often lack visibility into how their traveling employees are making payments and spending company money, finds a new survey from the Global Business Travel Association (GBTA) Foundation, which was released on Tuesday (Oct. 31). Highlighting some of the key findings of its 2017 Business Travel Payments Study, which was conducted in conjunction with AirPlus International, the GBTA Foundation found that cash continues to play a significant role in how trave

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Small Business Borrower Sues Kabbage

PYMNTS

A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. 31). On Oct. 12 of this year, a small business owner sued Kabbage, Inc. and Celtic Bank in a federal court in Massachusetts.

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FCA Explores How To Include More SMBs In FinServ Protections

PYMNTS

In business banking news, the U.K.’s Financial Conduct Authority (FCA) plans to propose an extension of its jurisdiction from serving individuals and micro-businesses to also include small and medium-sized businesses (SMBs). The proposal comes in the wake of multiple small business banking scandals , reports in the Financial Times said Wednesday (Nov. 1).

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Jack Ma, 21st-Century Renaissance Man, To Star In Film

PYMNTS

When people talk about the eCommerce giants “getting into movies,” usually they’re talking about digital content – offering films, TV shows, and even their own exclusive content for download at whatever a la carte or subscription rate is lower than what that other eCommerce guy is charging. This time, however, Alibaba founder Jack Ma is literally getting into movies – or at least, one movie.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. And, arguably, one of the most important questions is how businesses and FIs prepare to respond to the next cyberattack. The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure.

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Amazon Stopping Fresh Delivery Service In Several States

PYMNTS

Amazon has notified customers in at least nine states that the Amazon Fresh grocery delivery service will be closing in certain neighborhoods later this month. According to Recode , Amazon Fresh customers in parts of New Jersey, Pennsylvania, Delaware, Maryland, California, New York, Connecticut, Massachusetts, and Virginia have received the notices.

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Western Union Taps MineralTree For Cross-Border Supplier Payments

PYMNTS

Accounts payable (AP) firm MineralTree is teaming up with Western Union to help companies pay suppliers overseas. An announcement Tuesday (Oct. 31) said MineralTree will integrate its AP solutions into the Western Union offering, enabling business customers of Western Union to pay their vendors across borders. The integrated solution also syncs with accounting and enterprise resource planning (ERP) systems, automates data capture and purchase order matching and offers several security features.

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Apple Engineer Fired After Revealing iPhone X Details

PYMNTS

An Apple engineer was reportedly fired last week after his daughter posted a video of the iPhone X before it was released, reported the Verge. According to the news report , the engineer’s daughter, Brooke Amelia Peterson, visited Apple’s campus to see her father and recorded a video of the iPhone X. She then published a vblog that included the trip to Apple.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Mastercard Stock Rises On  Q3 Growth, Falls On Regulatory Concerns

PYMNTS

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. Markets rewarded the good news with a 1.8 percent increase in share price during premarket trading. Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the Europea

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Remitly Raises $115M Series D

PYMNTS

Remitly, an independent digital remittance company, announced that it had agreed to raise up to $115 million in series D funding, according to Business Wire. PayU, a FinTech investment division of Naspers, will lead the investment round. Remitly investors Stripes Group, DFJ and DN Capital will also be joining the round, Business Wire reported. The CEO of PayU, Laurent le Moal, will join Remitly’s board of directors as a result of the investment.

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Chase Finds Veterans Gearing Up To Sell Their Small Businesses

PYMNTS

Small business (SMB) ownership is preparing for a shakeup in the coming years as more entrepreneurs plan to exit and sell their companies between now and 2022. New data released from Chase in its Business Leaders Outlook report, published Wednesday (Nov. 1), highlighted the upcoming changing-of-hands of small businesses in the U.S., with 29 percent of small businesses saying they plan to transition ownership of their companies sometime in the next five years — up from 20 percent only a year ago.

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Things That Go Bump In The Payments Night

PYMNTS

Halloween is now just three days away. The prepared have already purchased the best costumes and the candy favorites coveted by trick or treaters. Americans have spent a lot of money getting ready — more than $9.1 billion in candy, costumes and Halloween decorations. According to recent reports, if you were to boycott Halloween for your entire life — keeping the porch light off and pretending not to be home when the kids come trick or treating and not spend the $168 annually most people put into

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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What We Can Learn From The KRACK WiFi Loophole

PYMNTS

Only you can prevent forest fires. And, as the KRACK WiFi vulnerability perhaps demonstrated, only you can prevent hackers from worming their way into your networks and devices, as even established security measures that are presumed to be stable may not be as secure as we think. As much as consumers, organizations and retailers rely on wireless networks to be secure – indeed, even take it for granted – the fact is that vulnerabilities do exist.

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Fraudsters And The Retail Identity Crisis

PYMNTS

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. Markets rewarded the good news with a 1.8 percent increase in share price during premarket trading. Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the Europea

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Building Foundations For IoT Castles In The Cloud

PYMNTS

[link]. Henry David Thoreau once said, “If you have built IoT castles in the cloud, your work need not be lost — that is where they should be. Now put foundations under them.” Or something like that. TSYS Director of Innovation Russell Moore ’s two-year-old daughter already knows how to get Alexa to play her favorite Katy Perry song 17 times a day. The toddler, he observed, will never know a life without virtual assistants and artificial intelligence (AI).

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The Matchmaker Is In: Bootler, the Kayak Of Online Food Delivery

PYMNTS

[link]. Pizza or Chinese, sushi or Indian? Deciding where to order food has always been a point of group contention. Michael DiBenedetto, founder and CEO of Bootler, was having just such an argument when he sensed a friction point in the food delivery industry and decided to do something about it. One night while working late at a previous startup, DiBenedetto and his coworkers decided to order food.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.